Letz mint some ‘ka-ching’

MPEL – The train is back in the station, Don’t sell Netsuite (N) yet.

It’s time again to get back on the train. We already hold some long shares. Planning on getting a bunch tomorrow….. around $11.50.

We love CHINA, We love YEAR END, We love the new DEALS, We love Macau, We love Gambling, We love OVER SELLING, and most of all we LOVE THAT CHART.

We bought some N (Netsuite) on its first day of trading around $26. Didn’t sell any of them…must have sold half…but we see us going back soon. We are buying a few for a quick trade if at all we drop below the 33 mark with a very tight stop.

We just talked about this to another visitor. We were thinking of starting accumulating MPEL, if it held on to that support around 11.50. But looks like we are either still on it or just broke it. So, we moved our buy point a little lower to $10.5 where a huge support comes in to play at $10. But this one is in a dynamic situation. If you see a positive day out performing the market with some volume..we say buy it around $11.50. Otherwise wait untill it comes to around $10.25 (but it won’t stay long there)
Anyways…itz going to $14 – $15 for us to take profits.
Good Luck Laura 🙂

Packer IPOed because it was good timing for MPEL to raise funds, not
good entry criteria for Investors as the company is not yet
profitable. The MPEL train is still undergoing repairs and there is a
good chance to still climb aboard. It’s more of a bullet train than
an old vintage steam locomotive.

Studies have shown that most IPO’s give below normal returns for 36
months.

The majority of IPO’s within a few weeks or months of their IPO start
their journey to the bottom making new 52-week lows all along the way.

MPEL should do a little better than most IPOs as it has China and
Gaming as the backdrop.

MPEL will be a company worth owning but the uncertainty is there and
will take time to prove stable and make money like everyone else.

But you do want to get on that train…

MPEL can suddenly come in to favor for variety of reason and start
rallying.

The reason might be earnings acceleration or new casino introduction
or some other news.
Stocks like MPEL once re-discovered as market participants will find
new takers from the likes of many stock funds that will drive the
price up as they scramble to get on board, they can have multi-week or
multi-month rallies.

If the rally is to double, triple or quadruple the price it usually
requires about 4% or more of the float short in order to have a big
short squeeze and keep the rally going.

To many good things are coming to MPEL, Macau and China of the next
year so I don’t think the stock will be kept down much longer.

hmmm man …down around 40% right???? Before I say something…Let me tell you one thing……

2500 shares at 16 is 40,000….if that’s the only thing you have in your portfolio…then I’m seriously mad at you ….and if as usual it is 15% of the portfolio…..then you total investment amount would be more than $250,000. If that’s right…lemme seriously tell you you are in a wrong place….Though, we give pretty good calls I humbly tell you…if you put in that big amounts you have to be perfectly accurate…and with some very kewl educated strategy.

Ok now coming to my opinion on what I would have done if I were in your shoes, i’ld first learn what a STOP LOSS is!
Then buy double the amount of shares in two laps. One around 9.5 and one more if it drops lower. Even if it does not drop lower I’ld buy it around $10.5 and wait for the market to stabilse. Then my average would be around 16+9.5+10.5 = 36/3 = 12…which is not at all bad.

But don’t forget to place stop losses. Please learn it first when playing with real money.